LOS ANGELES—Millennial investors seem tounderstand that a well-balanced portfolio shouldn't just consist oftraditional blue-chip equities and bonds, but a variety of assetclasses. This generation was, and continues to be, greatly impactedby the Great Recession in several ways. That is according toDavid Manshoory, the founder and CEO ofpeer-to-peer real estate lending marketplaceAssetAvenue. GlobeSt.com recently caught up withManshoory, who was recently named one of “Tomorrow's Leaders” inSouthern California real estate by sister publication, RealEstate Forum, on millennial investors, technology and what itall means for the industry

GlobeSt.com: Why do millennial investors love realestate and what does it mean for the industry?

David Manshoory:In a recent survey ofhigh-net-worth investors by US Trust entitled “Insights on Wealthand Worth,” stark contrasts appeared between millennial (or“generation Y”) investors and previous generations regarding arange of issues, including their preference for tangible assets.While 35% of millennial investors said they currently own tangibleassets, an additional 46% said they do not currently but areinterested in owning them, the highest percentage of any group.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.